The Nigerian Bulk Electricity Trading (NBET) Plc yesterday blamed its inability to meet its obligation to electricity generating companies (GenCos) on the low remmittances from the power firm which is between 25 and 30 per cent. Due to the shortfall, the GenCos too cannot meet their obligations to their gas suppliers. The NBET Managing Director, […] …
NBET
NERC absolves NBET MD of fraud, justifies N2bn payment
The Nigerian Electricity Regulatory Commission (NERC) says the N2 billion paid to two power firms by Marilyn Amobi, managing director of the Nigeria Bulk Electricity trading Plc (NBET), was lawful.
The post NERC absolves NBET MD of fraud, justifies N2bn payment appeared first on TheCable. …
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GenCos: Abysmal performance of DisCos responsible for challenges in power sector
The Association of Power Generation Companies (APGC) says the abysmal performance of electricity distribution companies (DisCos) is responsible for the challenges in the power sector. In a statement on Tuesday, The post GenCos: Abysmal performance of DisCos responsible for challenges in power sector appeared first on TheCable.
Ogaji: DisCos owing power generation firms N500bn
Joy Ogaji, executive secretary of Association of Power Generation Companies (APGC), says the Nigerian Bulk Electricity Trading (NBET) is yet to pay the N500bn debt owed by electricity distribution companies (DisCos). The post Ogaji: DisCos owing power generation firms N500bn appeared first on TheCable.
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NERC: DisCos’ poor remittances deepen liquidity challenge in power sector
The Nigerian Electricity Regulatory Commission (NERC) says poor remittances by electricity distribution companies (DisCos) to the Nigerian Bulk Electricity Trader (NBET) has deepened liquidity challenge in the sector. In the The post NERC: DisCos’ poor remittances deepen liquidity challenge in power sector appeared first on TheCable.
